Plover Bay Technologies (SEHK:01523) H2 2025 Earnings call February 26, 2026 04:30 AM ET Company ParticipantsAlex Chan - FounderCherry Chiu - Executive DirectorChristopher Tse - CFOSteven Wong - Institutional InvestorChristopher TseGood evening. Welcome to Plover Bay's annual results call for financial year 2025. I'm Christopher Tse, CFO of Plover Bay, and I will be hosting this call. Alex Chan, founder of the company, is also with us today. We have announced our latest annual results. The announcement can ...

Financial Highlights - Sales in 2025 reached $130 million, increasing by 11% year-on-year [1] - Gross profit was $74 million, a year-on-year growth of about 15.5%, with a gross margin of 57%, an increase of 2.1 percentage points [2] - Net profit reached $45.5 million, a year-on-year increase of 19.5%, with a net profit margin improving to 34.9%, an increase of 2.3 percentage points [2] - Diluted EPS came to $0.0411 per share, which increased 19.1% year-on-year [2] Business Segment Performance - Fixed First Connectivity segment revenue increased by 3.5% year-on-year to about $18 million [3] - Mobile First Connectivity segment increased by 10.4% year-on-year to $73 million, driven by strong growth in high-end Mobile First routers and Starlink equipment [3] - Warranty and support services segment reached $28 million, up 12.3% year-on-year, while software licenses segment reached about $11 million, up 34% year-on-year [4] - Recurring revenues in warranty and support services and software licenses totaled about $38 million, an increase of 17% year-on-year, now accounting for close to 29% of total sales [4] Geographic Performance - North America sales increased 2.1% year-on-year to $76 million, accounting for about 59% of total sales, affected by tariff uncertainties [5] - EMEA sales increased about 28% year-on-year to $37 million, now accounting for about 29% of total sales [5] - Sales to Asia increased to $12 million, growing 36% year-on-year, attributed to large multi-year projects and growth in new markets like Japan [5] - Sales in Australia increased 14% year-on-year, making up about 4% of total sales [6] Company Strategy and Industry Competition - The company is focused on the connectivity market, serving a diverse range of verticals without a single dominant customer [8] - The company plans to spin off its North American business to better address different market requirements and improve competitiveness [12][13] - The company aims to maintain lean operations while leveraging AI tools for efficiency [14] Management's Comments on Operating Environment and Future Outlook - Management acknowledges challenges from increased memory and component costs but believes the business model can mitigate these impacts [10][11] - The company sees significant growth opportunities in the U.S. and Europe, with a focus on becoming market leaders in various segments [32] - Management emphasizes the importance of reliable connectivity and the potential of new technologies like satellite communications [9] Other Important Information - The company has no debts and strong operating cash flows, with trade receivables turnover days at 67 days and inventory turnover days at 112 days [7] - The company is exploring AI applications to enhance product offerings and operational efficiency [29] Q&A Session Summary Question: Why not apply for marine certifications for cybersecurity compliance? - Management believes cybersecurity concerns can be addressed through third-party products rather than integrating them into their own [15][17] Question: Why not provide WireGuard support? - Management acknowledges the feedback and plans to provide support but emphasizes their focus on reliable connectivity rather than being feature-rich [19] Question: Will the spin-off unlock value? - Management views the spin-off as a way to better address market needs and improve operational efficiency rather than purely a financial maneuver [23][25] Question: What is the impact of the Starlink business? - The Starlink business is performing well, with plans for integrated products to enhance deployments [35][36] Question: How will the spin-off affect dividend payouts? - Management plans to continue distributing excess cash to shareholders, with the approach depending on market opportunities [33][49] Question: Will product development become independent post-spin-off? - Yes, both companies will operate independently, allowing for tailored product development [70][71]

Plover Bay Technologies (SEHK:01523) H2 2025 Earnings call February 26, 2026 04:30 AM ET Speaker1Good evening. Welcome to Plover Bay's annual results call for financial year 2025. I'm Christopher Tse, CFO of Plover Bay, and I will be hosting this call. Alex Chan, founder of the company, is also with us today. We have announced our latest annual results. The announcement can be found on HKEX website and our own website at ploverbay.com. The PowerPoint presentation that I'm currently sharing on the screen can ...

Enabling Supercharged Connectivity Annual Results 2025 26 February, 2026 Our Vision We make connectivity reliable, anytime, anywhere Key Facts Who Are We? Plover Bay Technologies Limited (stock code: 1523 HK) develops networking technologies that enable supercharged connectivity. By combining fixed, mobile and satellite connectivity, users can build always-on networks anywhere. Our technologies are used by thousands of businesses and individuals in countless use cases. These include large and small enterpri ...

智通财经APP讯，珩湾科技(01523)发布公告，将于2026年3月26日派发2025年12月31日止年度特別股息 每股0.0565港元。 ...

珩湾科技(01523)发布公告，将于2026年3月26日派发2025年12月31日止年度特別股息每股0.0565港元。 ...

智通财经APP讯，珩湾科技(01523)发布公告，该公司将于2026年3月26日派发第二次中期股息每股 0.1654港元。 ...

珩湾科技(01523)发布公告，该公司将于2026年3月26日派发第二次中期股息每股0.1654港元。 ...

EF001 發行人所發行上市權證/可轉換債券的相關信息 發行人所發行上市權證/可轉換債券 不適用 其他信息 其他信息 不適用 發行人董事 於本公告日期，本公司執行董事為陳永康先生、周傑懷先生、莊明沛先生、楊瑜先生及趙芷盈女士；以及本公司獨立非執行董事為 余健添博士、何志霖先生及溫思聰先生。 EF001 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 珩灣科技有限公司 | | 股份代號 | 01523 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 2025 年12 月 31 日止年度特別股息 | | 公告日期 | 2026年2月26日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 其他 | | 特別股息 | | | 股息性質 | 特別股息 | | 財政年末 | 202 ...

EF001 發行人所發行上市權證/可轉換債券的相關信息 發行人所發行上市權證/可轉換債券 不適用 其他信息 其他信息 不適用 發行人董事 於本公告日期，本公司執行董事為陳永康先生、周傑懷先生、莊明沛先生、楊瑜先生及趙芷盈女士；以及本公司獨立非執行董事為 余健添博士、何志霖先生及溫思聰先生。 EF001 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 珩灣科技有限公司 | | 股份代號 | 01523 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 2025 年 12 月 31 日止年度第二次中期股息 | | | 公告日期 | 2026年2月26日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年 ...